We Can’t Stop the Coronavirus Unless We Stop Corruption / ‘Everyone is doing badly’, anti-money laundering czar warns / Philippines offers $600 for Information on Corrupt Officials

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We Can't Stop the Coronavirus Unless We Stop Corruption (opinion). "The world is pouring trillions of dollars into coronavirus vaccines and economic stimulus efforts. But without strict measures, graft will prevent funds from reaching the right recipients. (…) Close to $500 billion is lost annually to fraud and abuse in the health care sector, and financial misconduct is exacerbated by any sudden and critical imbalance of supply and demand. Well-worn channels of corruption remain pervasive. Shifting supply chains can lead to rushed or haphazard vetting, enabling corruption at the delivery stage." 

 

 

 

'Everyone is doing badly', anti-money laundering czar warns. "Despite decades of action, the world is struggling to make gains in the war against money laundering, according to the head of the agency responsible for setting global anti-money laundering standards. David Lewis, executive secretary of the Paris-based Financial Action Task Force (FATF), said governments were failing to stop organized criminals and corrupt regimes from washing vast sums each year. "

 

Simon Bowers / International Consortium of Investigative Journalists: https://www.icij.org/investigations/panama-papers/everyone-is-doing-badly-anti-money-laundering-czar-warns/ 

 

 

Philippines offers $600 for Information on Corrupt Officials. "The Philippines government launched a countrywide investigation into possible diversion of COVID-19 emergency subsidies, with President Rodrigo Duterte promising citizens money for denunciation. The Department of Interior of the Philippines said it asked the police and the National Bureau of Investigation, the country's anti-corruption unit, to 'prioritize the investigation of graft and corruption cases against local officials'". 

 

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